At what enterprise value was NOBINA acquired in 2021?

During the acquisition of NOBINA by BASALT INFRASTRUCTURE PARTNERS in 2021, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NOBINA when it was acquired by BASALT INFRASTRUCTURE PARTNERS?

The estimated EV/EBITDA multiple for NOBINA is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was NOBINA acquired by BASALT INFRASTRUCTURE PARTNERS?

NOBINA was acquired by BASALT INFRASTRUCTURE PARTNERS in 2021.

What was the revenue of NOBINA at the time of the deal?

The revenue of NOBINA at the time of the deal is estimated to be in the range of 750M - 1.3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NOBINA during the acquisition?

NOBINA's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NOBINA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the NOBINA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.nobina.com/media/press-releases/2022/nobina-has-applied-for-delisting-of-its-shares-from-nasdaq-stockholm/

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Home Database Business ServicesNOBINA

12/2021

NOBINA acquired by BASALT INFRASTRUCTURE PARTNERS

SWEDEN Transport & Logistics / Passenger Transport / Bus & Coach EV 1b - 4b EUR

Context

Basalt Infrastructure Partners launched a public takeover bid for Nobina, delisting the company from the Nasdaq Stockholm. The offer priced at SEK 108 per share represented a significant premium. Basalt aims to support Nobina's long-term growth and transition to electric fleets as a private owner.

NOBINA, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

Nobina is the premier and largest public transport bus operator in the Nordic region, managing mission-critical mobility infrastructure networks across Sweden, Denmark, Norway, and Finland. Headquartered in Solna, Sweden, the company designs, structures, and executes urban, regional, and intercity public bus services, alongside specialized on-demand and accessible transport solutions. Its highly resilient business model is characterized by exceptional revenue visibility, with the vast majority of its turnover secured through long-term, inflation-indexed contracts (typically spanning 8 to 10 years) tendered by regional and municipal public transport authorities.

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12/2020	EQT PARTNERS	TORGHATTEN	NORWAY	Transport & Logistics	The deal involves EQT Infrastructure V fund's voluntary cash offer to acquire all outstanding shares in Torghatten ASA, excluding the airline segment, through HATI BidCo AS. The offer price is set at NOK 175 per share, with an additional distribution of shares in Flyco AS to existing shareholders, valuing each Torghatten share at NOK 192
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05/2020	SIPAREX / BPIFRANCE	GROUPE TOP CHRONO	FRANCE	Transport & Logistics	Siparex and Bpifrance acquired a 51% majority stake in Top Chrono during the company's first-ever LBO. The transaction facilitated the exit of founders. The strategic rationale focuses on scaling Top Chrono's national footprint beyond the Paris region and capitalizing on the structural shift toward home delivery accelerated by the health crisis
12/2019	OAKTREE CAPITAL MANAGEMENT	FORTIDIA	ITALY	Transport & Logistics	Oaktree Capital Management made a strategic minority investment in MBE Worldwide, a global provider of logistics and business services. The transaction was structured as a significant capital increase, with the investment proceeds intended to fuel the company's next phase of growth
09/2019	MACSF	STAR SERVICE	FRANCE	Transport & Logistics	Star Service has completed its third leveraged operation (an OBO) to diversify its shareholding and support a new phase of healthcare-led growth. In this transaction, the founder and the management team (which has expanded since the previous 2013 operation) maintain majority control of the capital

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 750M - 1.3b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NOBINA by BASALT INFRASTRUCTURE PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: nobina

Acquirer: basalt infrastructure partners